Arkadios Wealth Advisors Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Arkadios Wealth Advisors increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,309 shares of the e-commerce giant’s stock after buying an additional 5,146 shares during the quarter. Amazon.com accounts for about 2.5% of Arkadios Wealth Advisors’ investment portfolio, making the stock its 4th largest position. Arkadios Wealth Advisors’ holdings in Amazon.com were worth $45,262,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com in the third quarter worth about $56,000. Finally, IFS Advisors LLC lifted its position in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 325 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $237.68 on Friday. The stock has a 50 day moving average price of $223.02 and a 200 day moving average price of $198.55. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $241.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMZN shares. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.33.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last 90 days. Company insiders own 10.80% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.